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156 Haig Street Warfield, British Columbia V1R 2L9

7419 sqft
Steam Radiator Acreage Landscaped

$399,900

Investors take a look! 9 units, 100% occupancy, positive cash flow and a 9% cap rate for under $400K? Turn-key apartment with positive cash flow ready and waiting for you. Enjoy a piece of local history; this is the former Astoria Hotel and Ferrero's Foods. Some vintage pieces that are still showing add a nostalgic flair to the place. More importantly it is 100% occupied yet has room for more income as the region has very low vacancy rates and a great economic outlook. Many upgrades over the past few years like roof, skylights, some windows, boilers and much more. If that wasn't enough, with the right proposal there may be the opportunity to subdivide and add another building to enhance your portfolio. It works as a great buy & hold property as is or take it further and cash in. Don't' let this small town fool you, this area is bustling with business and growth potential. There's an informational package, through your REALTOR®, available upon request. (id:25752)

Property Details

MLS® Number 2434554
Property Type Multi-family
Amenities Near By Ski Hill, Schools
Features Sloping, Visual Exposure
View Type Valley View

Building

Constructed Date 1945
Exterior Finish Stucco
Fireplace Present No
Heating Type Steam Radiator
Size Interior 7419 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage Yes
Land Amenities Ski Hill, Schools
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Frontage 69 Ft ,2 In
Size Irregular 1.02
Size Total 1.02 Ac|1 - 5 Acres
Size Total Text 1.02 Ac|1 - 5 Acres
Zoning Type Multi-family

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=20353827

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